130 Color Cove Rd, Sedona, AZ 86336
4 beds · 4 baths · 3,227 sqft
Discover Your Dream Home in West Sedona! Nestled within the coveted Dry Creek Scenic Road area, this magnificent property offers a perfect blend of privacy, charm, and unparalleled beauty. Set on a private, serene 2.5-acre knoll, this spacious gabled allure of 3,200 plus square foot residence features 4 bedrooms and 4 baths, providing ample space for family and guests alike. As you approach, a long driveway leads you to this hidden gem, enveloped by mature trees and stunning views. An enchanting backdrop for your daily life at 130 Color Cove Road would be looking at Cockscomb Mountain, Doe Mountain, Bear Mountain, Boynton Canyon, Capitol Butte and don't forget Lizard Head the stepping stone to Thunder Mountain. The thoughtful and original design of this Sedona architecture has details to include a locally sourced stone, a design providing an abundance of natural light, windows showcasing Red Rock views and the forest. It has a naturally welcoming ambiance throughout the entire property inside and out! The double entry doors open and WOW you with a sunken living room and walls of glass displaying the Red Rock Views. The floor plan has a natural flow to the kitchen and dining room that also display the special unobstructed Secret Mountain Wilderness Red Rock views. The expansive deck invites you to soak in Sedona's breathtaking sunsets and the peaceful sounds of nature, while the property's generous size offers privacy and endless possibilities for your imagination and a front row seat to the wildlife! The luxurious upper-level master suite is the entire 2nd floor, boasting remarkable 360° Red Rock views creating a tranquil retreat you'll never want to leave. The special family room features a warm cherry flooring accented by a built-in book case, a huge stone fireplace and again with windows capturing the 360° Red Rock views, perfect for all family and friend gatherings. Access to trails and National Forest Service without getting in your car or using your trailer for your horses. This property is nestled in a quiet, sought out equestrian neighborhood on the West Side of Sedona. This rare opportunity to enjoy the best of Sedona living. In city limits but you feel like you are out in the forest!
Source: ARMLS #6830903
Send questions to support@withroam.com
Why Roam
Gap financing to lower your down payment
Unlock down payments as low as 5% – only with Roam
5x the likelihood your offer is accepted
If a purchase takes longer than 45 days, we’ll cover the seller’s mortgage until you close
Close faster and stress-free
We close 2x faster because of our deep experience and lender relationships
Rates and payments are estimates based on public records.
Source: Public records
Source: ARMLS #6830903
To qualify, you must meet the current FHA or VA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
FHA (Federal Housing Administration) loans
FHA loans require the buyer to assume the mortgage as a primary residence. When you apply for the loan, you must attest that the home will be your primary residence for 12 months to be approved for an FHA assumption. Most lenders will ask that you move in within 60 days.
VA (Veteran's Affairs) loans
You don't have to be a veteran to assume a VA loan. However, not all veterans are willing to let a non veteran assume their mortgage. Roam confirms the seller's willingness prior to you making an offer.
Investors
You may be able to assume a VA mortgage as an investor without it being your primary residence.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 620, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.